Palihapitiya describes how a town board was ousted overnight to undo a $6 billion data center approval.
“A town approves a $6,000,000,000 data center build, and then half the the the board gets ousted. Just voted out overnight so that they could put in new people to undo the decision.”
Palihapitiya says Jane Street did a billion dollar investment and $6 billion compute deal, showing massive compute constraints.
“I don't know if you guys saw recently, but Jane Street did billion dollar investment in, essentially, a neos neoscaler and then also did a $6,000,000,000 compute deal with them.”
Palihapitiya says Maine banned all data center buildings, showing compute constraints driving unusual market moves.
“So I think the reason why Allbirds went crazy is a very, very small canary in a very important coal mine, which is we are absolutely compute constrained.”
Palihapitiya asks what nuclear plants will power if people prefer them to data centers
“Lol But what will the nuclear plants power then?! https://t.co/VOCyYhAA3h”
Palihapitiya warns data center backlash in Texas, Pennsylvania, Ohio risks 200-300 basis points of GDP
“Texas, Pennsylvania and now Ohio. This is a powder keg and has the potential to unwind 200-300 basis points of annual GDP if it metastasizes. How did it get this bad? The collective leadership of frontier AI has failed miserably in doing the basics: 1. Paint a positive https://t.co/6Uu1IlAtSS”
Data center backlash in multiple states could reduce annual GDP by 2-3 percentage points if the problem spreads, and AI leadership has failed at basic communication.
“Texas, Pennsylvania and now Ohio. This is a powder keg and has the potential to unwind 200-300 basis points of annual GDP if it metastasizes. How did it get this bad? The collective leadership of frontier AI has failed miserably in doing the basics: 1. Paint a posi… / X Post Log in Sign up Post Chamath Palihapitiya on X: ”
Resistance to data centers is more likely to grow than to diminish.
“Inasmuch, the safer bet may be that the pushback and resistance grows…,”
Data centers now symbolize benefits flowing only to a small tech elite that the public doesn't trust.
“Data centers have unfortunately become THE symbolic representation of the asymmetric upside for a very narrow tech elite and a class that are untrustworthy,”
If a politician loses an election blamed on data centers, other politicians nationwide will avoid approving new ones.
“If he loses and data centers get the blame, politicians across the country will take notice — and they will not go near the next one.”
Data center backlash could reduce annual GDP growth by two to three percentage points if it spreads.
“This is a powder keg and has the potential to unwind 200-300 basis points of annual GDP if it metastasizes,”
Palihapitiya discusses growing backlash around data centers, not a financial bubble.
“ And no, he's not referring to a bubble, but rather the growing backlash around data centers. Palihapitiya, co-host of the ”
Palihapitiya warned about data center backlash occurring in Texas, Pennsylvania, and Ohio.
“ Six minutes later, he warned that data center backlash in Texas, Pennsylvania and Ohio ”
Winning public support on data centers involves saturating media discourse.
“ in winning over the public on data centers. By filling the air with ”
European philanthropists provided funding and Fox News apologized for O'Leary's China claims about data center opponents.
“ of that money coming from individual philanthropists in Europe. Earlier this summer, Fox News issued an apology after Kevin O'Leary said opponents of his Utah data center were working with China. Fox News host Johnny Joey Jones said there was ”